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2026-07-22 19:48 3d ago
2026-07-22 16:55 3d ago
Movement se připojil k programu Mesh Alliance
MOVE Movement
CoinGecko News 72
Original source text
Movement has joined the Mesh Alliance Program (MAP), Mesh's industry-wide interoperability initiative designed to simplify the growing complexity of crypto payments. Movement joins more than 50 partners that connect through Mesh's shared infrastructure, giving every app built on Movement a direct path to the hundreds of accounts where users already hold funds.

Accessing onchain liquidityFor Movement, Mesh closes the gap that stops most users before they start: getting money onto the network. Any app built on Movement can embed Mesh, let a user connect an account they already hold, and pull that balance onchain in a couple of taps. No withdrawal form. No wallet address to copy. No network to pick.

Movement adds one thing on top. A user holding MOVE, or any other token, on an exchange can deposit and receive a stablecoin on Movement instead. The asset the user holds and the asset the app needs do not have to match. The conversion happens inside the deposit.

Motion Wallet ships with Mesh firstMotion Wallet is Movement's self-custodial wallet. Keys stay on the user's device. It ships with the Mesh integration first. A user opens Motion Wallet, connects an exchange account through Mesh, and funds the wallet in a few taps. The same pattern is open to every partner building on Movement.

Remittance corridor realityRemittances to low and middle-income countries reached $685 billion in 2024. Those transfers settle in 278ms on Movement. But settlement speed only matters once the money is on the network, and that first step is where most products lose their users.

Most people in the markets Movement's partners serve already hold a balance on an exchange. They have the money. What they lack is a way to move it into an app without a withdrawal process that loses them halfway through. The markets Mesh is expanding into next, across Latin America, Asia, and Europe, are the same corridors Movement's partners are building for.

Movement CEO, Torab Torabi explains, "Until now, if you wanted to move money in crypto, you had to do all the heavy lifting yourself. Set up a wallet, keep balances on a couple of exchanges, bridge between networks, then paste in a 40-character address and hope the money actually showed up. Nobody liked doing that. We put up with it because there wasn't a better option. This is the pain point that Mesh alleviates. Your money moves from wherever it is to where you needs to be. The bridging happens underneath, where you as the user never have to deal with it. If we want the next billion people moving funds onchain, it has to be that simple."

Full CEX deposit support on Movement targets Q3 2026. Once network support is live across exchanges, the integration takes one to three weeks. The alliance is open to every partner building on Movement.

Move is for Money.

*This post is informational only and does not constitute an offer or solicitation of any digital asset, security, financial instrument, investment product, or stablecoin, or financial, investment, legal, or tax advice. Mesh's products and services are operated solely by Mesh, subject to Mesh's terms and applicable law. Products built on Movement Network by independent partners are operated by those partners subject to their own terms, eligibility criteria, and jurisdictional availability, and may not be available to US persons or in jurisdictions where prohibited. Product descriptions reflect publicly available information and have not been independently verified. Forward-looking statements reflect current expectations and are not guarantees.
2026-07-22 00:58 4d ago
2026-07-21 17:54 4d ago
Movement Labs podalo návrh na bankrot podle Chapter 11 po skandálu MOVE
ETH Ethereum MOVE Movement
CoinGecko News 92
Original source text
Updated Jul 21, 2026, 6:27 p.m. Published Jul 21, 2026, 5:54 p.m.

2 min read

Summary

Movement Labs, the developer of the Movement blockchain, has filed for Chapter 11 bankruptcy.The project came under scrutiny after a market-making deal enabled the rapid sale of 66 million MOVE tokens, triggering a steep price drop and prompting investigations and a token buyback.Movement Labs, the developer behind the Movement blockchain, has filed for Chapter 11 bankruptcy, marking the latest setback for a crypto project that has spent much of the past year navigating governance disputes, a token market-making controversy and a failed strategic reset.

The company said in a bankruptcy filing that it had under 1,000 creditors, somewhere between $100,000 and $500,000 in assets and north of $1 million in liabilities. Its largest creditors include co-founder Rushi Manche, the Delaware Division of Revenue, Anchorage Digital and other entities.

The filing follows months of turmoil for Movement, an Ethereum layer-2 network built using the Move programming language, which was originally developed at Meta. The project launched with the goal of bringing Move-based smart contracts to Ethereum (ETH) while offering faster and cheaper transactions through a scaling network.

Its troubles began shortly after the December launch of the MOVE token.

An April 2025 CoinDesk investigation found that Movement was examining whether it had been misled into signing a market-making agreement that handed a single counterparty unusual influence over MOVE's circulating supply. Internal documents reviewed by CoinDesk at the time showed the arrangement allowed 66 million MOVE tokens to be sold into the market one day after the token debuted, contributing to a sharp decline in price.

The controversy centered on Rentech, a little-known intermediary that appeared in contracts connected to Chinese market maker Web3Port. According to documents obtained by CoinDesk, Movement executives later questioned whether the foundation believed Rentech was affiliated with Web3Port when it was not. Rentech has denied any wrongdoing or misrepresentation.

The fallout extended beyond Movement. Binance banned the market-making account involved in the token launch for what it described as misconduct, while Movement launched a token buyback program and hired outside firm Groom Lake to review the events surrounding the deal.

Movement Labs and co-founder Rushi Manche separated in May 2025.

More recently, the company attempted to chart a new course.

In June, Move Industries, a separate legal entity from MVMT Labs, the company that filed for bankruptcy, announced it would pivot away from competing with other Ethereum scaling networks and instead focus on cross-border payments, remittances and stablecoin settlement. The company said it had secured access to licensed payment infrastructure in the U.S., Canada and the European Union as it sought to build services aimed at emerging markets.

The strategy reflected a wider trend across the crowded layer-2 sector, where blockchain projects have increasingly shifted toward real-world financial applications as competition among scaling networks has intensified.

UPDATE (July 21, 2026, 17:58 UTC): Adds additional detail.

CORRECTION (July 21, 2026, 18:26 UTC): Corrects that Move Industries and not Movement Labs pivoted from Ethereum scaling.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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TRON Network - Q2 2026

TRON Network - Q2 2026

In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.

11 hours ago

In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.

Why it matters:

In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.